Bottom Right Default
State Name: New Jersey
State Name underscore: New_Jersey
State Name dash: New-Jersey
State Name lower underscore: new_jersey
State Name lower dash: new-jersey
State Name lower: new jersey
State Abbreviation: NJ
State Abbreviation Lower: nj

Suggest a Story

Paste the URL of the story below to submit for editorial review and possible inclusion in ATW.

There have been a few false alarms about a possible upsurge in inflation in the US in the past few years, even as core inflation on most measures has remained extremely subdued. ... Another such scare has been brewing recently. ... It now seems probable that part of the recent jump in core inflation was just a random fluctuation in the data. ... But the main reason for the lack of concern is that wage pressures in the economy have remained stable, on virtually all the relevant measures. ... there has been yet another false alarm on US inflation.

&#39;Bring It On,&#39; Frank Tells Dodd-Frank Critics at Hearing Bloomberg It was 2010 all over again in the U.S. House Financial Services Committee. Barney Frank, the panel&#39;s former chairman, returned to Washington today to sit before the committee and provide a feisty defense of that year&#39;s regulatory overhaul, the Dodd-Frank Act&nbsp;... and more&nbsp;&raquo;

John L. Culhane, Jr. We recently wrote about a new Brookings Institution report which suggested that charges coming from various quarters, including the CFPB, that student loan debt is causing young adults to postpone home ownership are overblown. The report found that the typical household with debt is no worse off today than a generation ago, with increases in... More &#62;

NEW HAVEN Conn. (Reuters) - A former Jefferies Group Inc managing director convicted of defrauding investors who traded mortgage bonds through a government program established in response to the 2008 financial crisis was sentenced on Wednesday to two years in prison.

Barbara S. Mishkin The CFPB has issued its second Financial Literacy Annual Report to Congress. The report covers the CFPB's activities to improve consumer financial literacy during the period from June 2013 through May 2014. The report&#8217;s Appendix contains a list of the CFPB&#8217;s financial education resources as of May 31, 2014. The report discusses the CFPB&#8217;s activities as... More &#62;

Along with other cases from federal and state partners, today we charged that mortgage rescue scammers have taken $25 million in illegal advance fees from consumers. It serves as a reminder of how important it is to watch out for scam artists trying to take advantage of people who need help avoiding foreclosure. Read more to learn how to protect yourself from these scams.

"It wasn't deregulation; it was bad regulation that helped lead us into this crisis. So if you get the wrong diagnosis you get the wrong remedy. Dodd-Frank has been the wrong remedy, adding incomprehensible complexity to incomprehensible complexity." CLICK HERE TO WATCH WASHINGTON- House Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today's full committee hearing to examine the Dodd-Frank Act on its 4 th anniversary: Dodd-Frank has always been based on upon a false premise that somehow deregulation or lack of regulation led us into the crisis. However in the decade leading up to the crisis, studies have shown that the regulatory burden on the financial services industry actually increased. There were few industries that were more-highly regulated; FDICIA, FIRREA, Sarbanes-Oxley, the list goes on. We hear a lot about Wall Street greed; I could not agree more. I'm just curious, at what point was there not greed on Wall Street? So I'm wondering how that could necessarily be the determining factor? What I do know is that affordable housing goals of Fannie and Freddie on steroids and other policies helped incent, cajole, and mandate financial institutions into loaning money to people to buy homes they ultimately could not afford to keep them. My Democratic colleagues at the time said "let's roll the dice" on housing. They did, and the economy imploded. It wasn't deregulation; it was bad regulation that helped lead us into this crisis. So if you get the wrong diagnosis you get the wrong remedy. Dodd-Frank has been the wrong remedy, adding incomprehensible complexity to incomprehensible complexity. Now frequently in Washington, and I say frequently, regrettably, it is the rule as opposed to the exception, laws are always evaluated by their advertised benefits; not by their actual benefits or actual costs. So at the time Dodd-Frank was passed, we were told it would would "lift...

On Tuesday FiveThirtyEight released the results of a poll of Americans' opinions on the "Star Wars" universe. Not surprisingly, Jar Jar Binks is the most reviled character in the series. As Walt Hickey notes, the Gungan from Naboo posted lower favorability numbers than Emperor Palpatine, "the actual personification of evil in the galaxy." Read full article &#62;&#62;

Bond Market Trading Drying Up Posing Stability Risk, RBS Says Bloomberg Credit market trading is drying up, posing a threat to the stability of the financial system that regulators are ignoring, according to strategists at Royal Bank of Scotland Group Plc in London. Liquidity has declined by about 70 percent since the financial crisis,&nbsp;...

Founded in 2004, Mortgage News Daily has established itself as a leader in housing news, analysis and data. Our innovative social media platform combines industry leading content and data with an active community of industry professionals, to accomplish our primary goal - keeping our readers informed.